Tarco International launches tokens backed by gold and silver.
Tarco International launches AuAg tokens: Leggi qui l’articolo in Italiano
In the cryptocurrency world, there are several tokens linked to precious metals, but very few have a real backing, meaning that they are backed by a quantity of physical precious metal equal to the amount of tokens that are emitted.
This is the case of the AuAg tokens, whose name derives from the precious metals that form the basis and guarantee.
These tokens are managed by Tarco International, a company based in the canton of Zug that specialises in issuing and managing virtual currencies.
The first tokens issued will be AuAg Gold, backed by gold, and AuAg Silver, backed by silver, and the precious metals will be stored in the secure safes of the London Bullion Market Association (LBMA), which, if requested, will also take care of the delivery of the metal if requested by the owner of the tokens, all in full compliance with the laws, but also privacy.
Here’s our interview with the company’s founder, Thierry Arys Ruiz, during the ICO Race event: